Record journal entries of the following transactions 1. Transfer 30 cash to Fund B 2. Receive 20

Record journal entries of the following transactions
 

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1. Transfer 30 cash to Fund B 2. Receive 20 cash transfer from Fund M 3. Levy a property tax of 100, expect 40 to go bad 4. Collect 30 of the 100 5. Collect sales tax, 90 6. Collect fines, 25 7. Receive notice of Federal grant, 600 8. Get the cash 9. Accrue workers' salaries, 200 10.Accrue utility bill, 180 11. Buy machine, 400 cash 12. Depreciation = 50 13.Sell the machine for 335 14. Borrow 500 on a bond payable, at par 1. Transfer 30 cash to Fund B 2. Receive 20 cash transfer from Fund M 3. Levy a property tax of 100, expect 40 to go bad 4. Collect 30 of the 100 5. Collect sales tax, 90 6. Collect fines, 25 7. Receive notice of Federal grant, 600 8. Get the cash 9. Accrue workers' salaries, 200 10.Accrue utility bill, 180 11. Buy machine, 400 cash 12. Depreciation = 50 13.Sell the machine for 335 14. Borrow 500 on a bond payable, at par

Answer rating: 100% (QA)

Journal entries are as follows 1 Transfer 30 cash to Fund B Debit Fund B Ac 30 Credit Cash Ac 30 Rec... View the full answer